Fortune 500 leaders avoid social networks
According to a study commissioned by DMO and CEO.com, Fortune 500 leaders are less likely to have a presence on social media than the general public. Only LinkedIn seems to be more widely used. According to the data collected, 26% of bosses of the 500 largest American companies are active compared to 20% of the rest of the population. There’s nothing to be said for Facebook, used by 7.6% of managers, Twitter preferred by 4% and Google Plus which accounts for less than 1%. The results are in great contrast with those gathered from the general public. The United States currently has 50% of Facebook users and 34% of Twitter users.
 
Unemployment rises in July
According to the Statistics Canada Labour Force Survey, employment fell by 30,000 in July. Unemployment stood at 7.3%. The sectors most affected were the wholesale and retail trades, professional, scientific and technical services, government services and natural resources. However, the information, culture, recreation, finance, insurance, real estate and rental sectors recorded increases. Among the provinces, Quebec, British Columbia, Manitoba and Newfoundland and Labrador had the largest declines while Prince Edward Island experienced job growth. Compared to the same period last year, employment increased by 0.8% (+1.4% for full time workers and -1.8% for part time workers).
 

Canadian companies are investing in their employees

A survey by the C.D. Howe Institute reveals that Canadian companies invest more in their workers than companies in most of the other OECD countries. The investments also are growing over time –  this year, the cost per Canadian worker amounts to 91 cents for each dollar invested in the United States, compared to 85 cents during the last decade. The study notes, however, differences between the provinces; some are particularly effective in the area while the centre of the country and the Martine Provinces are experiencing difficulties.

 
Canadian employment in good health by the end of 2013
According to an OECD report, the economic recovery is expected to strengthen in Canada, to the point that the unemployment rate, now at 7.3%, is expected to fall to 6.4% by the end of 2013, it’s pre-crisis level. In comparison, the average unemployment rate in the other OECD countries is expected to reach 7.7% by the end of next year. The organization notes that to return to a job market as dynamic as before the crisis, it would be necessary to create 14 million jobs in the OECD zone, while recognizing that young people and low-skilled workers are especially vulnerable in a climate that is still relatively uncertain.